Via Cousin John
The U.S. Department of Energy provided $2.4 billion to clean-energy companies with ties to the former firm of Sanjay Wagle, a venture capitalist who was a Barack Obama fundraiser during the president’s 2008 campaign.
DOE provided the money over a three-year period to clean-energy companies in which Wagle’s former firm, Vantage Point Venture Partners, had invested, according to The Washington Post, which reported that Wagle left his California firm to join DOE shortly after Obama’s election.
Moreover, the Post found that some $3.9 billion in federal grants and financing were provided to 21 companies backed by firms with connections to five Obama administration staffers and advisers.
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